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U.S. GDP Data Beat Estimates. German Unemployment Improves. Heavy Friday Docket
|U.S. GDP Data Beat Estimates. German Unemployment Improves. Heavy Friday Docket|
October 31, 2014 00:00 GMT
Daily Risk On/Off Heat Map
15:50 GMT- Current Market Conditions:
Markets are in a MIXED RISK posture late in Europe. Headline U.S. preliminary 3Q14 GDP data were a stronger than expected 3.50%, but analysts dismissed the report due to an unexpected surge in government spending due to defense. Defense spending can be very lumpy. In the Far East, equities ended mostly higher. European bourses are trading mixed late. U.S. shares are mixed as well at this hour.
U.S. 10-yr yields are lower. 10-yr bund and gilts yields are down. Peripheral European bond yields are mostly up.
The heat map color scheme of interest rates reflects yields.
HIGH IMPACT NEWS: JP- CPI, Bank of Japan, DE- Retail Sales, EZ- HICP, Unemployment, CA- GDP, US- Personal Income, PCE Deflator, Chicago PMI, University of Mich
- Friday sees Japanese CPI, a BOJ policy decision, Eurozone flash HICP, U.S. Personal Income data and the final October University of Michigan Survey. Over the weekend, North American clocks are turned back one hour.
- U.S. 3Q14 GDP outpaced street expectations on a strong increase in defense spending that likely will not be sustained.
- German unemployment data were better than expected but the unemployment rate remains remarkably steady.
- Be sure to refer daily to the Global-View Economic Calendar and the Forex Forum for the complete list of key items (actual data, selected charts, etc.) as they are released.
Weekly Trading Planner Top Items (GMT):
08:55 DE unemployment
12:30 US Initial Claims
12:30 US GDP broadest growth measure
00:30 JP Core CPI BOJ target
04:30 JP Bank of Japan No Rate change seen
07:00 DE Ret Sales Consumer demand
10:00 EZ FL HICP ECB target
12:30 US PCE deflator Fed Target
13:55 US U Mich final Key Sentiment Survey
||Bank of Japan
||Ret Sales mo
||Ret Sales yr
||FL HICP yy
||FL HICP core yy
||PCE defl y
||U Mich final
Be sure to refer daily to the Global-View Economic Calendar For key items (actual data, selected charts, etc.) as they are released.
See the FOREX FORUM. for actual data, selected charts, etc.) and comments from experienced traders to events as they happen.
John M. Bland is a founding partner of Global-View.com. He was a FX consultant to major corporations. He has also been a institutional forex trader, FX analyst for a blue chip Fed watching service and an author. John has an MBA in Finance and a BA in Economics from the University of California, Berkeley.
|Copyright 2014, GlobalViewpoint, Inc All rights reserved|
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GVI Trading. Potential Price Risk Scale
Tue 31 July 2018
AA: Major, A: High, B: Medium
AA JP- Bank of Japan
A 06:00 DE- Retail Sales
A 09:00 EZ- flash HICP/GDP
AA 12:30 US- Core PCE Deflator
A 14:00 US- CB Consumer Confidence
Wed 1 Aug 2018
A Final Mfg PMIs
AA 12:15 US- ADP Private Payrolls
A 15:00 US- EIA Crude
AA 18:00 US- Federal Reserve Decision
Thu 2 Aug 2018
AA 11:00 GB- Bank of England Decision
A 13:30 US- Weekly Jobless
Fri 3 Aug 2018
A Final Services PMIs
AA 12:30 US- Employment
A 12:30 US/CA- Trade
John M. Bland, MBA
co-founding Partner, Global-View.com
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